N.Y. Times Co. to Sell Boston Globe

  • The Wrap
The New York Times Company plans to sell the Boston Globe, the Times announced on Wednesday. The Globe, which the Times bought in 1993 for $1.1 billion, has been on the chopping block before as the Times Co. has suffered declining revenues as the result of a downturn in print advertising. The company is working with Evercore Partners as an adviser for the possible sale. It was not immediately clear how much the Globe and related properties would now command in a sale. "Our plan to sell the New England Media Group demonstrates
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